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Bank a Has $75,000 in Total Reserves,and Zero Excess Reserves

Question 88

Multiple Choice

Bank A has $75,000 in total reserves,and zero excess reserves.The required reserve ratio is 12 percent.Bank A has checkable deposits of


A) $84,000.
B) $62,500.
C) $625,000.
D) $6,250,000.
E) $840,000

Correct Answer:

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